If you are wishing to eliminate your bad credit record after going into default then rehabilitation is the way to do it!
At the end of the 9 months, if there have been 9 consecutive on-time monthly payments, and after meeting a few other obligations (paperwork mainly), then the loan will be considered rehabilitated.
This means that the borrower will be returned to regular repayment status. In addition, the borrower will become eligible for federal financial assistance (this is taken away when in default), and credit bureaus will be instructed to remove all default information from borrower's credit record.
If you wish to rehabilitate your loan, please contact the Loan Collection Office to get the necessary forms and for complete rules and regulations on the matter.
Southern Utah University
Loan Collection Office
351 West University Blvd, AD207
Cedar City, UT 84720
Phone: (435) 586-7728
FAX: (435) 865-8064
| Loan Collection Office | Controller's Office |
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